Stock Markets Analysis & Opinion

The S&P 500 decisively broke through 4,450 support and the 50dma on Wednesday. The index now finds itself just a hair above 4,400. And so continues the reflexive selling that started early Tuesday...

The past year has left many bears doubting themselves. The bear impulse arguably peaked in June 2022, more than a year ago. It makes sense from a macroeconomic perspective because that’s...

Despite the fact that Target Corporation (NYSE:TGT) cut its adjusted earnings per share forecast for the full year, the retailer’s stock still surged more than 6% in early Wednesday...

SPY has two open gaps: one near 444 (formed on 7/12) and one near 454 (formed on 8/2) (shaded in light pink).  SPY is testing the 444 gaps on relative light volume, suggesting support. Last...

Roblox Inc. engagement grew 14%, with average daily active users (DAUs) growing 24% year-over-year (YoY) to 65.5 million in Q2 2023. Snap Inc. grew average monthly active users (MAUs) by 14% YoY to...

August is not exactly one of the best months of the year for the markets The S&P 500 has performed poorly in this month over the last 70 years But some stocks always manage to defy that trend;...

The selling is orderly, but it's still selling. I'll keep with the Russell 2000 (IWM) as this is the guiding (and leading) index for others. It didn't pause for long at its 50-day MA.Instead, it only...

Walmart (NYSE:WMT) reports its fiscal Q2 ’24 financial results on August 17 before the opening bell.Current sell-side consensus expects $1.69 in earnings per share (EPS) on $159.9 billion in...

The S&P 500 is teetering on the edge after the index shed -1.2% Tuesday and closed at the lowest levels in a month.This retreat leaves the index just under 4,450 support and 50dma. But at this...

Home Depot had a solid quarter, but the year's strength has been seen. Guidance was reiterated, but the near-term outlook is hazy because of a shift in consumer habits. The analysts have been bullish;...

Meta's pivot to AI, away from the Metaverse, has resulted in triple-digit 2023 price growth. After a long rally, the stock's current pullback could offer a new buy point. Wall Street's 2023 forecast...

Wayfair (NYSE:W) reported its Q2 number on August 3rd before the open. Of course it reported a “beat.” The stock shot up from the previous day’s close of $72.89 to as high as...

Two weeks ago, see here; we found, based on our interpretation of the price action for the Nasdaq 100 using the Elliott Wave Principle (EWP): "… it appears the grey W-iii and W-iv were...

Cloudflare's sales and earnings have been growing at healthy rates, but one analyst calls revenue targets unrealistic. Q2 revenue grew by 32% year-over-year to $308.5 million. Earnings surged by 900%...